Fund Governance

ASIC off script with StatePlus action

ASIC's latest action against StatePlus shows the regulator is willing to go after not for profit funds despite the impost civil proceedings and remediation programs could have on member outcomes.

Matthew SmithAugust 24, 2020

Are property sector options playing with fire?

Over the years a liquidity mismatch between assets and liabilities has proven fatal for many. Yet super funds appear to have gone down this very path with around 15 offering single sector options.

David BellMay 27, 2020

Qantas Super juggles stand-down dilemma

Qantas Super CEO Michael Clancy says the term stand-down is not in the fund’s trust deed and he is working closely with the airline to figure out what it means for super.

Elizabeth FryMay 13, 2020

Reality bites for super’s long-term theory

The superannuation industry’s knee-jerk response to every problem, including now a deadly pandemic and another economic crisis, is to tell members to stay invested and focus on the long term.

Wade MattersonApril 8, 2020

Canberra hits out at super fund ‘complacency and inertia’

Assistant Minister for Superannuation Jane Hume has slammed the $2.9 trillion superannuation industry for its "complacency and inertia,” saying poorly-performing funds have “no place to hide” and that small funds should consider merging.

Elizabeth FryJanuary 29, 2020

Fund Governance

Home fund needed for ‘orphans’

Mergers between strong super funds will likely leave the weaker ones without a partner. David Bell suggests a consolidation fund be founded to house them.

David BellJanuary 13, 2020

Fund Governance

Most super fund advice not in clients’ best interest: ASIC

Less than half of 233 superannuation advice files reviewed by the corporate watchdog demonstrated full compliance with best interest duty and related obligations, according to a new report.

Tahn SharpeDecember 6, 2019

Fund Governance

Senate Inquiry: APRA, Westpac and heatmaps

APRA chair Wayne Byres told a parliamentary hearing on Monday that broader enforcement powers have allowed APRA to achieve better results.

Elizabeth FryDecember 2, 2019

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Fund Governance

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